Fisher seen as likely next New York Fed Chief

Although the search to fill the important shoes of New York Federal Reserve Bank President William McDonough has only just begun, it seems that the US Treasury's Peter Fisher has emerged as a clear front-runner.

However, analysts caution that while Washington insiders say his name is likely high on the list, the field is still wide open.

Fisher, who ran open market and foreign exchange operations at the New York Fed before taking a post at the U.S. Treasury Department, has the market knowledge